ES Wednesday 10-05-16

ON inventory is fairly balanced. If anything, it might be a little short even though we are currently above YD's close. There were almost 3 volume bells to YD's profile as can be seen in the picture with 42.5, 48.75 and 56 being the centers of those bells. We are currently trading around the center of the middle bell so I am going to be cautious at the open. Key LVN is at 45.5 which is also a couple of tics from the O/N mid. Also the current price is this week's VWAP so it is almost a coin toss on the direction for me at this time.

51.50 and then 49 are secondary targets but this can go either way ( as it always can)..new highs will steal my runners and stop me out....not in the mood to watch this slow motion trade today...just don't have a great feel that I caught the swing high